SGOV Dividend Yield 2026: iShares 0-3 Month Treasury Bond ETF
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Data last updated: Oct 17, 2026
How SGOV Distributions Work
SGOV (iShares 0-3 Month Treasury Bond ETF) pays monthly, but its "dividend" is really monthly interest passed through from short-term US Treasury bills. The ETF holds T-bills maturing in under three months, collects the interest, and distributes it to shareholders every month via iShares' scheduled distribution cycle.
What is SGOV's current dividend yield?
SGOV's current 12-month distribution yield is 3.64%. Because SGOV holds T-bills that mature within 90 days, its yield tracks the effective federal funds rate closely and resets as bills roll over.
How does SGOV pay out?
SGOV typically declares monthly distributions, with the record and ex-date often near the first business day of the month and the payable date a few business days later. Year-end schedules can differ (special or catch-up distributions in December are possible), so check iShares or your broker for the exact upcoming dates.
Is SGOV's dividend taxable?
Yes at the federal level: SGOV distributions are taxed as ordinary income (not qualified dividends). At the state and local level, the portion of distributions attributable to US Treasury interest is exempt in most states — check your state's rules and your broker's year-end 1099-DIV, which will break down the Treasury-interest portion.
Is SGOV a dividend stock?
Not in the traditional sense — SGOV is a bond ETF that distributes T-bill interest monthly. Brokerages typically label the payment as a "dividend" on your statement, but the underlying source is fixed-income interest, not equity dividends. Think of it as cash-like Treasury ETF exposure with intraday liquidity — not an insured bank deposit (SGOV is not FDIC-protected and its share price can move).
About iShares 0-3 Month Treasury Bond ETF Dividend
The iShares 0-3 Month Treasury Bond ETF dividend comes from one of the most straightforward mandates in fixed income: the fund holds U.S. Treasury securities with three months or less remaining to maturity, tracking an index of those obligations. SGOV currently yields 3.69%, paid monthly. That monthly cadence suits income investors who want frequent cash flow from government-backed securities rather than equity exposure.
Dividend Safety
iShares 0-3 Month Treasury Bond ETF dividend safety is determined by the distributions generated from its underlying U.S. Treasury holdings, not by corporate earnings or a payout ratio. Payout ratio is not applicable (fund/ETF). The most meaningful pressure on the dividend level is interest rate movement: as short-term Treasury yields shift, so does what SGOV earns and passes through to shareholders, a dynamic visible in the drop from $4.8826 per share in 2023 to $5.1151 in 2024, a modest 4.8% gain that followed a 235.7% surge the prior year.
iShares 0-3 Month Treasury Bond ETF (SGOV) Dividend Growth Rate, CAGR, and History
iShares 0-3 Month Treasury Bond ETF dividend history shows a CAGR of 87.5% per year from 2022 to 2024. Per-share payments climbed from $1.4546 in 2022 to $5.1151 in 2024 (2025 and 2026 figures are partial years and excluded from the CAGR). The smallest annual increase in the window was 4.8% in 2024, a sharp deceleration after the 235.7% jump in 2023, which reflects how tightly SGOV's distributions track prevailing short-term interest rates rather than any internal growth decision.
iShares 0-3 Month Treasury Bond ETF Dividend Growth Rate (CAGR)
Period
CAGR
From
To
3-Year
+41.4%
$1.45 (2022)
$4.12 (2025)
Is iShares 0-3 Month Treasury Bond ETF a Good Dividend Stock?
SGOV fits dividend investors who want monthly income backed by U.S. Treasury securities and are comfortable with a yield that moves with short-term interest rates. The current yield of 3.69% falls in the moderate (2-4%) range. The trade-off is straightforward: the fund offers no dividend growth streak (0 consecutive years of increases) and no fixed payout, so income can rise or fall as the rate environment shifts. What an investor gets is frequent, government-backed cash flow; what they accept is a dividend level that is not in their control.
Recent iShares 0-3 Month Treasury Bond ETF Dividend Payments
Payment Date
Amount per Share
2026-10-01
$0.3010
2026-09-01
$0.3071
2026-08-03
$0.3068
2026-07-01
$0.2958
2026-06-01
$0.2995
2026-05-01
$0.2979
2026-04-01
$0.2927
2026-03-02
$0.2724
2026-02-02
$0.3092
2025-12-19
$0.3231
iShares 0-3 Month Treasury Bond ETF Annual Dividend History
Year
Total Dividends
2026
$2.6824
2025
$4.1157
2024
$5.1152
2023
$4.8826
2022
$1.4546
Frequently Asked Questions
How often does SGOV pay dividends?
iShares 0-3 Month Treasury Bond ETF (SGOV) pays dividends monthly — 12 times per year.
Does SGOV pay monthly dividends?
Yes — iShares 0-3 Month Treasury Bond ETF (SGOV) pays dividends every month.
What is SGOV's dividend yield?
iShares 0-3 Month Treasury Bond ETF (SGOV) currently yields 3.64% based on the annual dividend rate and today's share price.
Has iShares 0-3 Month Treasury Bond ETF ever cut its dividend?
Within the available history (2022-2024 complete years), no year-over-year cut appears. Annual dividends rose from $1.4546 in 2022 to $4.8826 in 2023 and $5.1151 in 2024. The data window covers only two full years, so a longer history cannot be assessed.
How fast has iShares 0-3 Month Treasury Bond ETF grown its dividend?
SGOV has grown its dividend at a compound annual growth rate (CAGR) of 87.5% per year from 2022 to 2024. That figure is driven almost entirely by the 235.7% surge in 2023, with growth slowing to 4.8% in 2024.
Is iShares 0-3 Month Treasury Bond ETF a good dividend stock for income investors?
SGOV delivers a 3.69% yield paid monthly from U.S. Treasury securities, which suits income investors who prioritize payment frequency and government-backed holdings. The trade-off is that the dividend level is not fixed and moves with short-term interest rates.
Is iShares 0-3 Month Treasury Bond ETF dividend safe?
Payout ratio is not applicable for this fund. The dividend level depends on what the underlying U.S. Treasury securities yield, so it is structurally tied to interest rates rather than corporate cash flow, which removes earnings-related risk but introduces rate sensitivity.
What type of investor is iShares 0-3 Month Treasury Bond ETF best suited for?
iShares 0-3 Month Treasury Bond ETF suits investors who want monthly income from short-duration U.S. government securities at a moderate yield of 3.69%. Investors who need a fixed or growing dividend amount may find the rate-linked payout structure less predictable.
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